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The global LED lighting headlines you need to know this week for your business decisions.

UK
LED Lighting Market to Grow More Than 25% by 2019

The UK LED Lighting market is valued
at around US$450 million and the global market is set to grow by more than 25%
by 2019, according to recent data.

AMA Research’s LED Lighting Market
Report notes an “explosion of growth” in LEDs, as new technology “becomes more
widely accepted” in the mainstream lighting market. It also points to
legislative changes, resulting from environmental pressures, which have further
encouraged the requirement for energy cost savings.

The Global LED Lighting Market
2015-2019 indicates that the global LED industry is set to grow by 25.89%
(compound annual growth rate) over the next five years. It says manufacturers
are facing strong competition, and so “are trying to differentiate their
products in terms of features including light quality”. The lighting market
would have the ability to capitalize on this growth, and to deliver “much more
than just light”.

LED bulb prices in India are matching CFL
prices, but might be priced down a further INR20 (US $0.30) following the
government’s 50 million LED bulb purchase tender. LED bulb prices have
plummeted in the last 18 months from INR 310 per bulb and could drop by another
INR20 as LED bulb technology improves and production capacity scales up, according
to industry sources.

Several Indian manufacturers shared their
insight on the project. Orient Electric Senior Vice-President Puneet Dhawan
said the company moved out of manufacturing incandescent bulbs, and shifted 50%
of its assembly lines from CFL to LED lamps. Dhawan expects prices of LED bulbs
to drop to INR120 for a 7W lamp, INR140 for 9W, and INR170 for a 12W LED bulb
in the next six months.

Under the program, a state-backed company
procured LED lamps in bulk through competitive bidding and distributed them to
consumers through power distribution companies.

About 600 million incandescent bulbs are sold
in India every year, and are popular among rural population because of its low
prices. Their consumption declined from 700-800 million last year to around 400
million this year. Last year, 400 million CFLs were sold and the number will
decline further to 350 million this year.

The Japanese government has made plans
to phase out incandescent light bulbs and fluorescent tubes by 2020, and
convert all lights to LEDs, reported Asahi Shinbun.

The policy was formulated ahead of the
21st Conference of the Parties to the UN Framework Convention on Climate Change
scheduled to take place at the end of this month in Paris.

This policy would forcefully remove
light bulbs and fluorescent tubes from the market because LED lamps are far
more energy efficient than traditional light sources. It is projected Japan
will undergo a rapid LED light source replacement period, once imports of
current light bulbs and fluorescent tubes are halted, and domestic stocks dry
up. The situation would lead to decreased LED bulb costs plus uptick in demand.

Regions across the UK continue to
improve their lighting energy efficiency with LED streetlight conversion.
Picturesque Cumbria County plans to install 16,000 high pressure and low
pressure sodium lanterns within the county.

The major project includes the
disposal and recycling of the conventional streetlights and the conversion to
LED ones. Starting from 2014, the three-year project is expected to be fully
executed by 2017. The Cumbria CC project will save up to US$650,289 per year
with LED streetlights. Approximately 12,000 streetlights are expected to be
collected throughout the period from 2016 to 2017. The project is scheduled to
be completed by March 2017.